Just like individuals, businesses need an estate plan, except with a business, such an agreement is called a Shareholder Agreement, a Member Agreement, or a Buy Sell Agreement. For the purposes of this article, I will refer to it as a “Buy Sell Agreement.”
Posted on December 13, 2017
While some employers permit exempt employees to telecommute for these purposes, others might also inadvertently authorize non-exempt employees to put in some hours off the clock. However, employers should beware as certain employee tasks could constitute compensable “work time.”
Posted on December 11, 2017
Reviewing the provisions of an insurance policy can be an exercise in frustration. Multiple defined terms and seemingly contradictory clauses, inserted into text stretching 10, 20, 30, or even more pages is not necessarily something anyone wants to do. However, ensuring that you have the correct coverage for your business can protect you in the event of a loss or lawsuit. Instead of being something to ignore, your insurance policy should be required reading.
Posted on December 07, 2017
While there is no universal rule as to when to update your estate plan, there are some common guideposts that should cause you to consider amending your estate plan. So, here are some suggestions, followed by a discussion of some common events which do not require immediate estate plan amendments.
Posted on November 27, 2017
Saturday, November 18th, Kreis Enderle attorney, Amy Foerster, serves as judge for University of Michigan’s 3rd Annual Wolverine Classic Invitational Mock Trial Competition.
Posted on November 22, 2017
Kreis Enderle attorney, Kay Kossen, has been appointed to the advisory council of Olivet College Women’s Leadership Institute.
Posted on November 15, 2017
Attorney Thomas G. King, has successfully defended two of our governmental clients in separate matters before the United States Supreme Court.
Posted on November 15, 2017
Kreis Enderle attorney, Amy Foerster, was elected secretary of the State Bar of Michigan American Indian Law Section Council.
Posted on October 05, 2017
At an increasing rate, couples are turning to assisted reproduction technologies (ART) to create families that are preferential in size and structure.
Posted on October 02, 2017
Kreis Enderle is pleased to announce that attorney Bobbi S. Hines has joined the Firm as a member of the Estate Planning and Elder Law Practice Group.
Posted on September 19, 2017
Posted on September 18, 2017
There are several options available to creditors after judgment is entered, some of which are more effective than others. - Article by Ray Schultz
Posted on August 25, 2017
New under Michigan law are creditor protection trusts established pursuant to Michigan’s Qualified Dispositions in Trust Act. - Article by Ryan Conboy
Posted on August 17, 2017
You, as the business owner, can give or sell at a discount to the employee some portion of your personal stock in the company. There are, however, tax matters to consider.
Posted on August 09, 2017
Antenuptial (Prenuptial) Agreements are often thought of as the tool of a wealthy parent trying to protect the family’s wealth. But what exactly are these agreements? - Article by Ryan Conboy
Posted on August 03, 2017
A DAPT is a tool that is used along with other estate planning and asset protection techniques. - Article by Kate Gadbois
Posted on July 24, 2017
It is important for an employee to understand the system under which each tribally-run casino operates. - Article by Amy Foerster
Posted on July 14, 2017
Mold builders and other statutory lienholders may be able to avoid preference claims, even if they fail to perfect their liens. - Article by Tom King
Posted on June 15, 2017
Both Michigan and the federal government have proposed administrative rules that would require Investment Advisors to develop Business Continuity and Succession Plans. - Article by Dan McGlinn
Posted on May 30, 2017
Kreis, Enderle, Hudgins & Borsos, P.C. has been awarded the 2016 United Way Gerard Thomas Community Law Challenge Award from United Way of the Battle Creek and Kalamazoo Region.
Posted on May 09, 2017
If the amount of estate assets do warrant consideration of a will or trust contest, a disinherited person should carefully consider a few key questions. - Article by Sara Fazio
Posted on May 08, 2017
On March 30, 2017, U.S. lawmakers announced the “Path to Marijuana Reform,” a package of three bills aimed at regulating marijuana more like alcohol and tobacco as opposed to heroin. - Article by Justin Wheeler
Posted on April 12, 2017
The Kalamazoo Central High School varsity mock trial team won their second consecutive state championship on Saturday, March 25, with Kreis Enderle attorney, Nick Spigiel, as an attorney coach.
Posted on April 11, 2017
If you own or are planning to purchase a property which is separated by road from a lake, it would be worth having an attorney and surveyor investigate your rights as to the access of the lake. - Article by Robb Krueger
Posted on March 17, 2017
February is the perfect time to give your real property a tax check-up. - Article by Tom King
Posted on February 13, 2017
We at Kreis Enderle are extremely proud of attorney Kay Kossen and all she means to the local community.
Posted on February 06, 2017
The unlawful depletion of financial resources is particularly ruinous for the senior community because many are relying on their finances to pay for nursing home care. - Article by Jim Lance
Posted on January 30, 2017
The National Institute of Standards and Technology (NIST) issued a draft update on January 10 to its Framework for Improving Critical Infrastructure Cybersecurity. - Article by Elliott Church
Posted on January 24, 2017
Crowdfunding allows entrepreneurs to bypass typical investors and connect directly with consumers who are genuinely interested in making the project creator’s vision a reality. - Article by Justin Wheeler
Posted on December 28, 2016
Farmers that intend to retire and purchase real estate in Florida, Arizona or elsewhere, can take advantage of section 1031 of the Internal Revenue Code (“section 1031”), often referred to as a Like-Kind Exchange. - Article by Justin Wheeler
Posted on December 16, 2016
Kate Gadbois and Amy Foerster have joined Kreis, Enderle, Hudgins & Borsos, P.C., Gadbois in the firm’s Kalamazoo office, and Foerster in the Battle Creek office.
Posted on November 18, 2016
Kreis Enderle volunteered to repaint the walls of MRC artWorks to provide artists with a freshened space to work and present their art to the community.
Posted on October 28, 2016
Although the new laws will create lucrative opportunities for those brave enough to enter the medical marijuana industry, those opportunities come with significant risks. - Article by Justin R. Wheeler
Posted on October 12, 2016
Big Data Ignite 2016, held Sept. 29-30 at DeVos Place in downtown Grand Rapids, is a workshop and conference that will bring together computing professionals, scientists, students, and tech companies to focus on cutting-edge data technologies and know-how.
Posted on September 13, 2016
Stephen J. Hessen, partner at Kreis Enderle Hudgins & Borsos, PC in Kalamazoo, Mich., has been named to the Super Lawyers list as one of the top attorneys in Michigan for 2016.
Posted on September 06, 2016
Sometimes a taxpayer can wipe their tax slate clean at a massive discount. If a taxpayer qualifies to make an Offer in Compromise (“OIC”), the IRS may accept less than the full amount a taxpayer owes. - Article by Justin Wheeler
Posted on August 31, 2016
If your company does not have a sales commission agreement or has one that focuses solely on the amount of the commission payable, you are not ready for a commissioned employee who resigns or is terminated. - Article by Tom King
Posted on August 11, 2016
Justin R. Wheeler has joined Kreis, Enderle, Hudgins & Borsos, P.C. as an associate attorney in the Grand Rapids office.
Posted on July 29, 2016
Many dream of owning their own beach house. But before you get out your board shorts and sunglasses, there are a few legal concerns to keep in mind. - Article by Kay Kossen
Posted on July 28, 2016
The race benefited the St. Joseph High School band program as they seek to purchase new uniforms.
Posted on June 09, 2016
Kreis Enderle attorney Jim Lance will be honored at the First Annual Prevention Hero’s Award Ceremony by The Calhoun County Elder Abuse Prevention Coalition.
Posted on June 03, 2016
An article by Kreis Enderle attorney Dan McGlinn was featured in Craft Brewing Business – a national trade publication for the rapidly growing craft and home brewing industries.
Posted on May 26, 2016
As a young adult, you may think it is way too early in life to consider estate planning. However, estate planning goes beyond wills and trusts and making arrangements for gifting of your property at death. - Article by Ryan Conboy
Posted on May 18, 2016
At Kreis Enderle, we put great emphasis on giving back to the community. Attorney Sara Fazio is doing just that – with soccer.
Posted on May 04, 2016
There is a fine line between making bad choices and legal incapacity, and a child or elderly adult may need the careful advice of an attorney to help them through these tough legal issues. - Article by Kay Kossen
Posted on April 15, 2016
The Kalamazoo Central High School varsity mock trial team won a state championship with Kreis Enderle attorney, Nick Spigiel, as an attorney coach.
Posted on March 24, 2016
Kreis, Enderle, Hudgins & Borsos, P.C. is pleased to congratulate Bob Borsos for receiving the Outstanding Alumni Award from the Carl and Winifred Lee Honors College of Western Michigan University (WMU).
Posted on March 08, 2016
What can you do if your lender, to whom you’ve already pledged all of your assets, won’t lend you additional funds to purchase something critical for your business? - Article by Ryan Conboy
Posted on February 17, 2016
The start of a new year is a popular time for self-assessments, check-ups and resolutions. Resolving to give your real property a tax check-up in late January or early February can not only provide assurance that your holdings are not being overly taxed, but it might also save you money. - Article by Tom King
Posted on January 29, 2016
One of the most stressful parts for any stockholder selling a business is addressing the representations and warranties that are always required by a purchaser. - Article by Dan McGlinn
Posted on January 21, 2016
Steve Jobs once said, “Details matter, it’s worth waiting to get it right.” This is especially true if the organized business entity in which you have an ownership interest is borrowing funds. - Article by Ryan Conboy
Posted on January 15, 2016
Attorney James C. Boerigter is well known and well respected for his dedication to providing help to those who otherwise would not be able to afford legal services.
Posted on December 04, 2015
Kreis, Enderle, Hudgins & Borsos, P.C. is proud to be a part of this important event.
Posted on October 19, 2015
Winning on the tort threshold during motion practice is possible, but it requires careful case development through discovery. - Article by Steve Staple
Posted on October 07, 2015
Kreis Enderle is pleased to congratulate Steve Hessen on this wonderful accomplishment.
Posted on October 06, 2015
Kreis Enderle commends Sara Fazio, David Hill and Jim Lance on their well-deserved recognition.
Posted on October 06, 2015
Simply creating your Trust is not enough. You must have an ongoing strategy. - Article by Jim Lance
Posted on October 02, 2015
Michigan law provides some corrective measures to address the financial exploitation of the elderly, but as with one’s health, preventative measures are far more effective. - Article by Steve Staple
Posted on September 28, 2015
Kreis Enderle is pleased to congratulate Tom King on his recent appointment.
Posted on September 24, 2015
Buying a new home or selling an existing home can be an exciting and yet stressful time. There is one commonly overlooked item in the buying and selling process that can help avoid costs down the road. - Article by Nick Spigiel
Posted on September 23, 2015
Wearable devices such as the FitBit can give even greater insight into the validity of personal injury claims. - Article by Steve Staple
Posted on September 07, 2015
While we often conceptualize a condo as connected townhomes, you may be surprised to learn that there is another type of condo designation in Michigan. - Article by Kay Kossen
Posted on August 31, 2015
Knowing the difference between "selling" and "furnishing" alcohol can save homeowners a great deal of trouble. - Article by Mark Kreter
Posted on August 25, 2015
It is important to understand the provisions in a Shareholder or Operating Agreement, especially when there are unexpected life events. - Article by Bob Borsos
Posted on August 03, 2015
Posted on June 10, 2015
On June 1, 2015, the U.S. Supreme Court ruled unanimously that junior mortgages may remain as secured claims. - Article by Tom King
Posted on June 03, 2015
The right to a jury trial does not apply to certain corporate shareholder claims in Michigan. - Article by Steve Hessen
Posted on April 23, 2015
When considering estate-planning scenarios, it will be well worth the time to discuss your ideas with a qualified estate advisor. - Article by Janice Peters
Posted on March 31, 2015
Understanding the pros and cons of a seller's two legal options once a purchaser defaults on a land contract. - Article by Jim Lance
Posted on March 02, 2015
McGlinn and Kosydar Quoted in Grand Rapids Business Journal’s Hoops Abound When Starting a Microbrew
McGlinn and Kosydar quoted in the Grand Rapids Business Journal article on Microbreweries.
Posted on February 23, 2015
Kreis Enderle is pleased to show its support for this upcoming production.
Posted on January 30, 2015
What to expect when purchasing property. - Article by Jeffrey D. Swenarton
Posted on January 26, 2015
Important issues to consider when buying or selling a dental practice in Michigan. Article by Dan McGlinn
Posted on January 19, 2015
It is important to evaluate your options when dividing retirement assets in a divorce. - Article by Russ Kreis
Posted on January 05, 2015
Giving your real property a tax checkup early in the year could save you money now and in the future. - Article by Tom King
Posted on December 30, 2014
Understanding certain rights and protections of Michigan farmers. - Article by Robb Krueger
Posted on December 22, 2014
Evaluating your options when considering the possibility of adding a joint owner to your account. - Article by Ryan Conboy
Posted on December 12, 2014
Many small businesses remain concerned about the effects of the "Obamacare" on their employee health insurance plans. It is important to see if the Small Business Health Care Tax Credit is an option for your business. - Article by Janice Peters
Posted on November 17, 2014
Parents, if you are unavailable to exercise your parental authority for any reason and have left your children in the care and custody of a non-parent, consider executing a delegation of authority. - Article by Ryan Conboy
Posted on October 27, 2014
Super Lawyers has recently recognized four Kreis Enderle attorneys as top attorneys in the state.
Posted on October 21, 2014
Fraudulent investment schemes run rampant, often with enticing guaranteed high rates of return. Here are ten rules for avoiding them. - Article by Sara Fazio
Posted on October 17, 2014
Please join us at this month's Green Drinks event for an opportunity to network and develop innovative ideas.
Posted on October 15, 2014
Kreis Enderle recognizes Ryan McNally for being chosen to present at a realtor summit this month.
Posted on October 13, 2014
Kreis Enderle congratulates Sara Fazio on her recent presentation at the Western District Federal Bar Association Bankruptcy Seminar.
Posted on October 09, 2014
If you value the private nature of your Michigan Trust, but face a request for your entire Trust to facilitate a transaction, know that under Michigan law the Certificate of Trust should, in most cases, be sufficient. - Article by Ryan Conboy
Posted on October 06, 2014
Real estate transfers are accompanied by various potential pitfalls. Here are just a few of the issues involved of which you should be aware. - Article by Ryan McNally
Posted on September 29, 2014
No matter how unique your planned business model may be, there are several key considerations you should be aware of in beginning your business venture. - Article by Mark Kreter
Posted on September 22, 2014
Knowing the risks involved in the sale of a business and the means of protecting your interests can make all the difference in your financial security as you ride off into the sunset or begin a new chapter of your career. - Article by Ryan Conboy
Posted on September 16, 2014
Explore the "Future of the Past" at Fort St. Joseph.
Posted on September 11, 2014
Shareholder Tom King is acknowledged for providing new direction.
Posted on September 10, 2014
Although it has been forty years since the enactment of the Michigan No-Fault Insurance Act, questions often arise about how it works and the benefits it provides to the injured parties. - Article by Mark Kreter
Posted on September 08, 2014
You owe it to the most important people in your life to educate them on why your assets are divided in the way that they are. - Article by Steve Hessen
Posted on August 25, 2014
Family disputes over items of tangible personal property are frequent and can devolve into venomous affairs, irreparably fracturing familial relations and costing thousands of dollars in unnecessary legal fees. - Article by Steve Staple
Posted on August 04, 2014
The elderly have long been a target for clever con artists seeking to make an easy buck through illicit means. Some scams, like the lost Prince of Nigeria email, have been around for decades, but other, more convincing scams have just begun to pop up in 2014. - Article by Kay Kossen
Posted on July 29, 2014
So you want to open a microbrewery. If this desire is more than talk after downing a couple high alcohol percent beers, here’s a brief list of steps to move forward with your dream project. - Article by Dan McGlinn
Posted on July 22, 2014
Data breaches can have significant reputational costs and also present the real threat of litigation or regulatory issues which could result in lost dollars from the bottom line. - Article by Nick Spigiel
Posted on July 11, 2014